Subsea
Vard Buys STX Canada Marine
VARD has acquired STX Canada Marine Inc., a leading marine engineering and design company with more than 30 years history in North America, for approximately $ 10.5 million (NOK 65 million). Headquartered in Vancouver, Canada, with branch offices in Ottawa and Houston and a workforce of over 75 empl
Faroe: No Hydrocarbons in Butch South West Well
Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, announces that drilling has reached target depth on the Centrica-operated Butch South West exploration well 8/10-6S which
Viking Acquires Stake in 4Subsea
Viking Venture has acquired 40% of the shares in 4Subsea AS, which is headquartered in Asker, Norway. 4Subsea specializes in providing monitoring solutions, software and expert services for flexible risers as well as well intervention and wellhead systems. With revenue of NOK 106 million in 2013, th
Aker Seeks Alternatives for Its MMO Workers
Aker Solutions is transferring employees to a new subsea engineering hub in Stavanger and using the Aker Advantage recruitment agency to find work for more than 200 employees impacted by the slowdown in Norway’s offshore maintenance and modifications market. The company is acting proactively to ease
Top News of the Week of Jun 30 – July 06, 2014
1. Two Subsea 7 Directors Stand Down Subsea 7 S.A. has announced an action to facilitate use of its vessels for energy development related projects executed in US waters. The action is designed to enable the Company to meet requirements applicable to non-US companies operating vessels in US waters.
Osiris Projects Recognized at ECHO Regional Business Awards
Seabed mapping specialists Osiris Hydrographic & Geophysical Projects were successful at the ECHO Regional Business Awards winning the MSIF Business of the Year award. Osiris Projects, owned by the locally headquartered Bibby Line Group, were in attendance at the ceremony, held at St George’s Hall,
NHO India Marks 4 Years of CARIS HPD Production
The Indian Naval Hydrographic Department (INHD) is the agency responsible for hydrographic surveys and nautical charting to support national and international agencies, as well as public and private sector activities in Indian waters. INHD utilizes leading equipment and techniques as part of their c
Ingenia: i146-SCE Servo Drive for Subsea Ops
Ingenia, a motion control technology company specialized in the design, development and manufacture of motion control products and custom motion systems, has presented its i146-SCE is, a modular, high-performance DC servo drive, developed to meet requirements of Marine & Subsea market. It’s a fully
Sweden: Fortum, Seabased Kick Off Wave Energy Park Setup
The installation of a wave energy park off Sotenäs Municipality in Sweden started on July 1. The generator is placed on the seabed and connected to the buoys on the surface that capture the wave motion energy, transforming this into electrical energy. The wave devices are connected through a switch
Damen Delivers Fugro Proteus
Fugro has taken delivery of the first of three Fugro Offshore Coastal Survey Vessels (FOCSV) being built by Damen. The first of a new class, the Fugro Proteus is a compact, survey ship capable of undertaking a wide range of survey, monitoring and inspection operations. The vessel is designed for a v
NOC Welcomes New RAS Approach
A new UK Robotic and Autonomous Systems (RAS) Strategy was published this week and launched at an event attended by the Science Minister, Rt Hon David Willetts MP. This was the result of nearly two years’ work by a Special Interest Group (SIG) set up by the Technology Strategy Board (TSB), which the
Polarcus Charters VOS Theia from Vroon
Vroon, an international shipping company, has announced that Vroon Offshore Services Genova will continue its cooperation with Polarcus DMCC with the signing of an 18-months charter for VOS Theia last Monday. VOS Theia is a supply, anchor handling, oil recovery and fire-fighting vessel, built at Fuj
Teledyne Partners with Ocean Aero
Teledyne Technologies Incorporated has invested in and entered into a strategic partnership with Ocean Aero, Inc. Based in San Diego, California, Ocean Aero is designing an unmanned surface vehicle that will also have the ability to descend subsea. Terms of the transaction were not disclosed. Unlike
CARIS’ President and CEO Wins C.C. Kirby Award
CARIS announced that Dr. Salem Masry, President and CEO of CARIS, has been awarded the 2014 C.C. Kirby Award, by the Association of Professional Engineers and Geoscientists of New Brunswick (APEGNB), in recognition of his world-beating land and marine mapping software. Dr. Masry founded CARIS in 197